Kevin Shannon Kevin Shannon is the president of West Coast capital markets at Newmark Knight Frank.

Culver City is heating up fast. Just as we reported that office investors are becoming more bullish on the market—with an expectation that it will soon outperform surrounding markets—one of the largest office transactions, and the largest since the Sony deal in 2014, has closed. Northwood Investors purchased 800 Corporate Point from Vornado Realty Trust for $148 million, making it one of the largest transactions in the market and the largest in several years.